Nebraska Archives - REBusinessOnline

Investors Realty Arranges $9M Sale of Brentwood Square Shopping Center in Omaha

Kristin Harlow — Fri, 06 Feb 2026 15:02:11 +0000

OMAHA, NEB. — Investors Realty Inc. has arranged the sale of Brentwood Square Shopping Center in Omaha for $9 million. Brentwood Square Plaza LLC sold the 224,187-square-foot property to Brentwood I Acquisition LLC. Harbor Freight is the anchor tenant. Ember Grummons and Tim Kerrigan of Investors Realty represented the seller. The transaction also included an 89,359-square-foot land lease.

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Marcus & Millichap Brokers $41.6M Sale of Daycare Center Portfolio in Midwest

Kristin Harlow — Mon, 02 Feb 2026 14:56:04 +0000

IOWA, MINNESOTA AND NEBRASKA — Marcus & Millichap has brokered the $41.6 million sale of the Yellow Brick Road Portfolio, a collection of 18 triple-net-leased early childhood development centers in Iowa, Minnesota and Nebraska. Spencer Berkley, Mark Ruble, Chris Lind, Zack House, Jon Ruzicka and Adam Lewis of Marcus & Millichap represented the sellers, Ben Ditzer and Bob Carlson of Triple Net Capital, and procured the buyer, a Florida-based real estate investment trust. The portfolio included a range of lease structures and ownership entities. Two additional assets were sold separately to private buyers prior to the sale of the remaining 18 properties.

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Annex Group Breaks Ground on 156-Unit Affordable Housing Community in Omaha

Kristin Harlow — Mon, 19 Jan 2026 15:04:22 +0000

OMAHA, NEB. — The Annex Group has broken ground on Central at Columbus Park, a 156-unit affordable housing community in Omaha. The nearly $60 million property will feature one-, two-, three- and four-bedroom units for households earning a range of income levels starting at 30 percent of the area median income. Amenities will include a parking garage, community room, computer room, fitness room, storm shelter and bike storage. Project partners include BVH Architecture, Lange Structural Group, Engineering Technologies Inc., REGA Engineering, Terracon, RMD Group, Wells Fargo, NP Dodge, Nebraska Investment Finance Authority (NIFA), Front Porch Investments and the City of Omaha. Wells Fargo provided more than $24 million in federal equity, and the bank’s debt team served as construction lender and senior permanent lender, contributing over $42 million and $24 million, respectively. NIFA allocated 4 percent tax credits and issued $28 million in tax-exempt bonds. The City of Omaha issued tax-exempt bonds and awarded a 20-year tax-increment financing package, which is intended to offset property taxes throughout the compliance period. Front Porch Investments and the State of Nebraska, Department of Economic Development Housing Trust Fund provided soft funding, contributing $3 million and $1.8 million in proceeds, respectively. The project marks…

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Investors Realty Brokers $8.3M Sale of Old Mill Business Campus in Omaha

Kristin Harlow — Thu, 11 Dec 2025 14:09:10 +0000

OMAHA, NEB. — Investors Realty Inc. has brokered the sale of Old Mill Business Campus in Omaha for $8.3 million. Located just off the West Dodge Road and I-680 interchange, the 66,273-square-foot, multi-tenant flex building was fully occupied at the time of sale. Ember Grummons and JP Raynor of Investors represented the seller, NewStreet Properties. Nick Suarez of Newmark Zimmer represented the buyer, K.C. Residence LLC.

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Federal Realty Acquires Village Pointe Shopping Center in Omaha for $153.3M

John Nelson — Tue, 02 Dec 2025 13:01:00 +0000

OMAHA, NEB. — Federal Realty Investment Trust (NYSE: FRT) has acquired Village Pointe, a 453,000-square-foot, open-air shopping center in Omaha. The retail REIT purchased the property from the undisclosed seller for $153.3 million. “Village Pointe checks the key boxes for us: affluent demographics and growing population, clear unmet retail demand, proven retailer success in the location and a truly dominant asset,” says Don Wood, president and CEO of Federal Realty. Situated on Omaha’s west side on West Dodge Road, Village Pointe draws nearly 6 million annual visits and serves a trade area of over half a million people, with visits averaging one hour in duration. The center was 96 percent leased at the time of sale to national and premium lifestyle retailers — including Apple, lululemon, Sephora, Coach, Bentley, Nordstrom Rack, Madewell — many of which are exclusive to the market. Scheel’s, a large-scale sporting goods retailer, shadow-anchors Village Pointe. Other tenants include Cheddar’s Scratch Kitchen, North Italia, DSW, Best Buy, Old Navy, Warby Parker, Urban Outfitters and Marcus Village Pointe Cinema. Federal Realty has noted the value-add opportunity at Village Pointe via elevating the tenant mix and enhancing merchandising. Founded in 1962, Federal Realty Investment Trust is based in North…

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Mid-America Arranges Sale of 214,029 SF Shopping Center in Lincoln, Nebraska

Kristin Harlow — Tue, 25 Nov 2025 14:31:06 +0000

LINCOLN, NEB. — Mid-America Real Estate Corp. has arranged the sale of East Park Plaza, a 214,029-square-foot shopping center in Lincoln. Anchored by Russ’s Market, the property is also home to Marcus Theatres and Famous Footwear. Rick Drogosz and Patrick Corrigan of Mid-America represented the seller, Starwood Property Trust. Broad Reach Retail Partners was the buyer.

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Omaha Population Growth Fuels Retail Market Interest

Kristin Harlow — Thu, 13 Nov 2025 13:30:00 +0000

By Sam Rolfe, The Lerner Company It seems Omaha’s retail market shows no signs of slowing down from a position of strength, which received a tangible boost when the metro-area population hit the magic 1 million mark. It’s funny that this population hurdle opens the eyes of retailers so much more than 970,000 would, but there’s no doubt that it does, and the market has reacted accordingly, with year-over-year asking rents up 5.4 percent. The seemingly rapid growth and development have not vastly affected the city’s historically strong fundamentals and high occupancy rates however, with the vacancy rate in the metro at 4.4 percent. This low vacancy is partially a byproduct of the historically low supply that has plagued the market in recent years. Over the last decade, we have seen vast westward growth and somewhat stagnant activity in the urban core and central region. Although the westward march continues, it is now coupled with large amounts of urban development, making the city’s retail market strong within eastern submarkets. The old adage “retail follows rooftops” has held true throughout this growth cycle, as retail developments follow the suburban growth of both homes and apartments. One example of this is at…

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Timpte Opens $28M Manufacturing Facility in Lincoln, Nebraska

Kristin Harlow — Thu, 16 Oct 2025 13:32:11 +0000

LINCOLN, NEB. — Timpte Inc., which designs and builds trailers, has launched operations at its new facility in Lincoln that will produce and ship agricultural equipment nationwide. The project represents a $28 million investment, bolstered by an additional $7 million allocated to manufacturing technologies and equipment. Timpte moved its Lincoln operations from 3400 W. O St. to the larger facility, which totals 190,000 square feet. The new location houses Thunderstone Manufacturing LLC operations, equipment trailer product lines and serves as the company’s national parts distribution center. The new facility will produce between 8,000 and 10,000 grain trailer tarps each year. Timpte has added about 20 employees at the Lincoln site and expects to employ more than 100 people there in the next few years. The project sits on more than 1 million square feet of land, allowing for future expansion.

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WarHorse Gaming Receives $300M in Financing for Casino Construction Projects in Nebraska

Kristin Harlow — Wed, 15 Oct 2025 13:42:34 +0000

NEBRASKA — Casino operator WarHorse Gaming LLC has secured refinancing of $300 million in startup loans for a five-year deal that will launch the next phase of casino expansions and construction of a new casino in Nebraska. U.S. Bank organized the deal, which includes Capital One, KeyBank, The Huntington National Bank, BOK Financial and Comerica Bank. WarHorse is expanding its casinos at horse racetracks in Omaha and Lincoln. The $70 million expansion of the Lincoln casino will include larger gaming areas for machines, more table games, a new steakhouse and a high-end sports bar. The Omaha expansion was completed in April. New construction of a third casino in South Sioux City is scheduled to begin next summer.

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Equity Bancshares Enters Nebraska Market with Acquisition of Frontier Holdings

Kristin Harlow — Thu, 04 Sep 2025 13:46:27 +0000

OMAHA, NEB. — Equity Bancshares Inc. (NYSE: EQBK), the Wichita, Kan.-based holding company of Equity Bank, has entered into a definitive merger agreement with Frontier Holdings LLC, the parent company of Frontier Bank in Omaha. The transaction adds seven locations to Equity’s franchise and marks the company’s entrance into Nebraska. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, Frontier will receive approximately 75 percent of its consideration in EQBK stock and the balance in cash. Subject to receipt of customary regulatory and member approvals and closing conditions, the merger is expected to close in the fourth quarter. Following completion, Frontier Bank will merge with and into Equity Bank. Established in 1937, Frontier Bank currently operates seven Nebraska locations, with two in Lincoln and one each in Falls City, Madison, Norfolk, Omaha and Pender. As of June 30, Frontier Bank had $1.4 billion in total assets, including $1.3 billion in loans and $1.1 billion in deposits. The combination with Frontier brings Equity’s total strategic transactions to 26 since the company’s founding in 2002, including 14 whole-bank acquisitions since the company’s initial public offering in 2015. Stephens Inc. advised Equity, which…

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Darland Delivers 60,000 SF Industrial Facility for Mid-States Utility in Papillion, Nebraska

Kristin Harlow — Tue, 02 Sep 2025 13:21:08 +0000

PAPILLION, NEB. — Darland Construction Co. has completed a nearly 60,000-square-foot industrial facility for Mid-States Utility Trailer Sales in Papillion. The project is located just off Highway 50 and I-80 and serves as a regional hub for the semi-trailer dealer. The development features a trailer shop, parts warehouse, driver’s lounge and administrative offices. A notable aspect of the project includes more than 11 acres of exterior paving designed to accommodate the extensive inventory and traffic flow of large semi-trailers. Mid-States Utility operates four locations across Nebraska, Iowa and South Dakota.

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Annex Group Opens $52.7M Affordable Housing Development in Lincoln, Nebraska

Kristin Harlow — Thu, 28 Aug 2025 13:42:16 +0000

LINCOLN, NEB. — The Annex Group has opened Union at Antelope Valley, a 187-unit affordable housing development in Lincoln. The $52.7 million community features one-, two- and three-bedroom units that are reserved for households whose income levels are at or below 60 percent of the area median income. The property features amenities such as a community center, fitness center, dog park and courtyard. The ground floor of the building houses a parking garage, and the residential levels are on the top four floors. Project partners included BVH Architecture, REGA Engineering Group, Summit LIHTC Consulting, NP Dodge, US Bancorp Impact Finance and Cedar Rapids Bank & Trust. The Nebraska Investment Finance Authority also partnered with Annex Group on the project.

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Spartan Investment Group Buys Two Self-Storage Facilities in Nebraska Totaling 665 Units

Kristin Harlow — Tue, 01 Jul 2025 13:21:23 +0000

LINCOLN, NEB. — Spartan Investment Group, a Colorado-based real estate investment firm specializing in the self-storage industry, has acquired two self-storage facilities in Lincoln totaling 78,402 net rentable square feet and 665 units. The acquisitions mark the first Nebraska properties in the firm’s portfolio. The properties include a 386-unit facility at 1909 N. 1st St. and a 279-unit asset at 700 N. Cotner Blvd. The facilities were built in 2001 and 2012, respectively. Spartan will invest $250,000 in upgrades and expand amenities at both locations to improve curb appeal and modernize security.

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Investors Realty Brokers $14.5M Sale of Plaza North Shopping Center in Omaha

Kristin Harlow — Fri, 27 Jun 2025 13:33:42 +0000

OMAHA, NEB. — Investors Realty Inc. has brokered the sale of the Plaza North Shopping Center in Omaha for $14.5 million. Situated near the intersection of 90th and Fort streets, the grocery-anchored property totals 203,250 square feet. Tenants include Baker’s Supermarket, Fowling Warehouse, Altitude Trampoline Park, Planet Fitness and ArchWell Health. The asset underwent a significant renovation in 2018 and was 92 percent leased at the time of sale. Ember Grummons of Investors Realty represented the seller, Plaza North Station LLC. Sam Seelenfreund of Cleeman Realty Group represented the buyer, Sky Capital Group.

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Midas Hospitality Develops 102-Room Hotel Near Casino, Racetrack in Nebraska

Kristin Harlow — Thu, 26 Jun 2025 13:36:48 +0000

COLUMBUS, NEB. — Midas Hospitality has developed a dual-branded hotel featuring Fairfield Inn & Suites and Townplace Suites near Harrah’s Racing and Casino in Columbus, a city in eastern Nebraska. The four-story property is under the Marriott umbrella. Locally based Foreman Lumber built the project, which caters to short-term and long-term stays with the 54-room Fairfield Inn & Suites and the Townplace Suites, which offers 48 extended-stay rooms. Amenities include a fitness center, pool, flex space, outdoor patio, meeting room and complimentary breakfast. The casino and horse racing venue came about following the passage of three Nebraska constitutional amendments in 2020, which legalized casino gambling adjacent to horse racing venues in the state.

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Marcus & Millichap Negotiates $7.5M Sale of Old Mill Centre Retail Property in Omaha

Kristin Harlow — Thu, 19 Jun 2025 13:22:16 +0000

OMAHA, NEB. — Marcus & Millichap has negotiated the $7.5 million sale of Old Mill Centre, a 21-suite retail strip property in Omaha. The center totals 75,089 square feet across four buildings on 6.1 acres at 10888 W. Dodge Road. The asset was 67 percent occupied at the time of sale and anchored by the Social Security Administration, which recently signed a 15-year lease renewal through 2036. The tenant mix includes medical and service retailers with eight vacant suites. Chris Garavaglia, Alex Perez and Dave Saverin of Marcus & Millichap represented the seller, a private individual out of California, and procured the buyer, a local value-add investment group.

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NHI Acquires Six-Property Seniors Housing Portfolio in Nebraska for $63.5M

Kristin Harlow — Wed, 07 May 2025 13:50:09 +0000

NEBRASKA — National Health Investors Inc. (NHI) has acquired a portfolio of six Agemark memory care communities located in Nebraska for $63.5 million. The seller, Agemark Senior Living, will continue to operate the properties, which total 205 units, on a 15-year master lease with two five-year renewal options. Agemark operates the communities under the CountryHouse brand, which was established in 1997 exclusively for residents requiring personalized memory care.

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Darland Completes Construction of Office Remodel for DMSi Software in Omaha

Kristin Harlow — Wed, 07 May 2025 13:48:53 +0000

OMAHA, NEB. — Darland Construction Co. has completed an office remodel for DMSi Software in Omaha. The project included the removal of a section of the upper floor, creating an open, two-story area with a “floating” conference room. Darland constructed a large, custom staircase to anchor the two spaces. The project also included a large work café with various seating options, interactive games and beer taps. The lobby features a 154-square-foot fabric light fixture. Avant Architects was the project architect. DMSi serves the building products industry.

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Kraus-Anderson Completes Construction of $127.6M WarHorse Casino in Omaha

Kristin Harlow — Tue, 06 May 2025 13:42:48 +0000

OMAHA, NEB. — Kraus-Anderson (KA) has completed construction of the WarHorse Casino, a $127.6 million gaming facility located at 6303 Q St. in Omaha. WarHorse Gaming LLC, which will manage and operate the expansion of casino gaming, is a division of Ho-Chunk Inc., the economic development corporation of the Winnebago Tribe of Nebraska. I-5 Design was the architect. KA completed construction in two phases. The first phase included a 46,376-square-foot remodel of the existing building and a 247,529-square-foot, four-story parking garage. Phase II includes a 63,365-square-foot, two-story expansion and sky bridge connecting the casino and parking garage. A grand opening is scheduled for Thursday, May 8. The casino features approximately 1,300 slots and 20 table games, of which more than 800 were included in the first phase.

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Lockwood Construction Breaks Ground on 13,598 SF Primrose School of Elkhorn in Nebraska

Kristin Harlow — Tue, 06 May 2025 13:39:48 +0000

ELKHORN, NEB. — Lockwood Construction has broken ground on Primrose School’s new location in Elkhorn. The 13,598-square-foot project marks the third Primrose School built by Lockwood, and the fourth Primrose School within the Omaha metro area. The Elkhorn facility will feature classrooms, outdoor play areas and learning spaces designed to foster early childhood development. The school, which is slated to open in November, is locally owned and operated by Cole and Katie Stichler.

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